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These days, finding an affordable place to live in the 47909 area can be challenging. Home prices in 47909 are now at a median cost of $222,680, lower than the Indiana average of $232,932.
The average cost of rent is $1,229/mo in 47909, primarily driven by the current value of real estate in the 47909 area. In 47909, 34.05% of households rent, and 32.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47909 is $6,077 per month. Households that rent pay about 20.22% of their income on rent here. 47909’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 47901, IN: less expensive homes
- 47904, IN: less expensive homes
- 47907, IN: equally priced homes
- 47905, IN: equally priced homes
- 47941, IN: less expensive homes
- 47906, IN: higher priced homes
- 47981, IN: higher priced homes
- 47983, IN: higher priced homes
- 47992, IN: higher priced homes
- 47924, IN: less expensive homes
Zip Codes with Similar Populations
- 01752, MA: higher priced homes
- 33010, FL: higher priced homes
- 30152, GA: higher priced homes
- 28412, NC: higher priced homes
- 28115, NC: higher priced homes
- 21221, MD: higher priced homes
- 92374, CA: higher priced homes
- 92545, CA: higher priced homes
- 20109, VA: higher priced homes
- 19139, PA: less expensive homes
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